Let’s Debate the Real Issues

We have watched large corporate interest usurp our government.  We have watched our congress break down to partisan and corporate interest.  We have watched our economy collapsing, and we are butt depth in world conflicts, and neck-deep in debt.  Our educational system is crumbling, our health care delivery systems is third world, and our incomes are shrinking at alarming rates.  What the current politicians are discussing is displacing one party for the next.  I honestly do not see any difference between beltway politicians, Republican or Democrat.  They are all bought and paid for harlots.

We literally are on the verge of losing our democracy to a privileged oligarchy that will continue amassing wealth, and subjugating the rest of us to economic bondage.  These are the issues we should be looking at and not the smoke, mirrors, and BS coming to us through MSM.  This is not the first time our good republic has been assaulted in this manner.  I have talked often about the rhythms of history.  Leading up to D1 was the same collection of characters and actions.  It should surprise no one that the Players of that attempt to capture our representative form of government had names like Morgan, Chase, or Rockefeller.  The game was the same and the plan to capture the flag were the same. President Roosevelt demonstrated the courage and took the actions to break up the “game” by breaking the big banks and financial institutions of the time so they could not continue to control and manipulate the playing field.  These actions restored the opportunity for everyone to have a chance in the game.

It is this simple, if a bank or privately held institution is “too big to fail” it is too big to exist.  It is a danger to our national security more so than any “terrorist” group. Period. The current proposed “financial” regulations are a joke and could quite possibly make things much worse.  George Ure over at www.urbansurvial.com says it best.

Channeling Thomas Jefferson and Theodore Roosevelt, MIT Sloan School of Management Professor Simon Johnson warns in a book being released today that a “new financial oligarchy” threatens not only the nation’s economy, but its political core. In 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Pantheon), Johnson, a professor of entrepreneurship and management, says the book provides “the back story” for the 2008 financial crisis “and for all the issues being raised now around financial reform. We hope the book helps people have a badly needed conversation about what we must do to push back against dangerous, narrow interest groups that now threaten our economic well-being.”

“That thought should frighten us into action.” In 13 Bankers, Johnson, a former chief economist for the International Monetary Fund, and co-author James Kwak cite historical precedents and offer financial analysis to conclude that a second financial shock is inevitable unless the financial and political stranglehold held on Washington by the nation’s biggest banks is broken. “The best defense against a massive financial crisis is a popular consensus that too big to fail is too big to exist,” the authors write. “This is at its heart a question of politics, not of economics or of regulatory technicalities.”

The book points out that the current concentration of financial and political power is not unlike other moments in American history. President Theodore Roosevelt, for example, challenged the monopoly powers of banker and industrialist J.P. Morgan. “No one thought he could win,” Johnson says in an interview, “but he did succeed in the first prosecution of a corporation under the Sherman Antitrust Act.” Roosevelt, he said, began a process that helped people understand the need to reign in the power of corporate giants, such as John D. Rockefeller’s Standard Oil, “which was arguably more important as a single company in 1910 than J.P. Morgan was then or J.P. Morgan Chase is now,” says Johnson.

Similar leadership is needed from the Obama administration and Congress now, according to 13 Bankers, which concludes that regulatory changes and other responses to date have been vastly inadequate. Johnson supports the administration’s proposed consumer protection measures, but overall, “You can’t just tweak a few rules and expect to rein in these big institutions.” Instead, the book calls for the six biggest banks to be broken up and for hard limits to be imposed so that banks cannot rebuild themselves into political and financial powerhouses. “Saying that we cannot break up our largest banks is saying that our economic futures depend on these six companies,” notes 13 Bankers. “That thought should frighten us into action.”

What we need right now is to not let this situation deteriorate in some “false flag” revolution movement, which would only play into the hands of the people who think they now have control.  This would only allow them to put into place the paramilitary police force they have invested so heavily in to control us even further.  If you are a member of militia or similar organizations, I want you to think hard about fighting against a new world order or Anti-Christ and understand you will  only facilitate the very thing you fear.  Simply put you are out-gunned and out financed.  You will only validate the need for draconian control of us all and take away the final freedom we have.  That is the freedom to go to the ballot box and throw these bums out.

What we need now is to really send a message in this upcoming mid-term election that this isn’t about Republicans versus Democrats, Liberals versus Conservatives, Socialist versus Facists, this is about tearing down an oligarchy.  We should be forming the American Party.  A party whose platform is based on restoring opportunity to all Americans. A party who will eliminate the need and opportunity for money to control the elective process by adopting a publicly financed  campaign law.  A party  that will legislate real banking reform and trading reforms by breaking up the big banks while we still own them and eliminating derivatives and other sleazy financial instruments that bet on things going down. A party that will insure that big pharma and corporate medical delivery systems are subject to rate and profit controls like any other vital utility in our society.  In each of the next three or four elections we could undo a lot of damage.  It starts with that kind of resolve.  It is followed through by vigorous prosecution of criminals, and ends when we all believe again and have restored our constitutional rights.  These are the issues and this is our challenge.  I welcome any dialogue on these real issues.  Anyone?

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Short Bulletin..This is Important to Understand

Two days ago in my article about the Fox in The Henhouse, I presented the material concerning how the PTB were manipulating the Gold and Silver markets.  Within that article, I presented the material that was presented to the CFTC concerning whistle-blower and London trader Andrew Maguire and his various emails to Eliud Ramirez, a senior investigator for the CFTC’s Enforcement Division, warning that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

I want to put into perspective the reality of how important this information was in context to the amount of wealth that is at stake and how that wealth is being taken from all of us.  I do run the risk of retaliation, but I am hoping that so few people read my blog it would not gather that much notice, but there are my readers and their interest I value.  Currently 165 central banks in the world, that are all privately held by the Rothschild family, are collecting massive amounts of gold and they are manipulating the market to get it.  Last year alone they bought up nearly 450 metric tons of gold and now hold nearly 32,000 metric tons of gold valued at nearly $1 trillion dollars.  Put another way, they now possess 18% of all the gold ever mined in the world.

This must be a very sensitive issue because London metals trader Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JP Morgan Chase in February and whose whistleblowing was publicized by GATA at the CFTC hearing on metals futures trading was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area. According to GATA’s contact with Maguire, board member Adrian Douglas, Maguire and his wife were admitted to a hospital overnight and released today(March 28) and are expected to recover fully. Maguire told Douglas by telephone today that his car was struck by a car careening out of a side road. When a pedestrian who witnessed the crash tried to block the other driver’s escape, the other driver accelerated at the pedestrian, causing him to jump out of the way to avoid being hit. The other driver’s car then struck two other cars in escaping. But the other driver was caught by police after a chase in which police helicopters were summoned.

And you wonder why I call them banksters!

Singularity and the Event Horizon in the Financial Crisis

Singularity is defined as:

1. the state, fact, or quality of being singular
2. something distinguishing a person or thing from others
3. something remarkable or unusual
An event horizon is defined as:
the surface of a black hole : the boundary of a black hole beyond which nothing can escape from within it.
There is nothing in the entire universe that does not start with a single event or a single person’s actions. Nothing.  As I pondered that thought the other evening, I brought it to bear in context of the current global economic crisis. We tend to think of these things as a group of actions that precipitate the events.  However, when you consider that credit derivatives (CDS) seem to be the weapon of mass destruction, the first question that comes to mind is where did CDS’ come from in the first place.
First, there is no doubt that CDS’ are the culprit.  Consider these statements from some of the world’s leading experts in the matter:
  • A Nobel prize-winning economist (George Akerlof) predicted in 1993 that CDS would cause the next meltdown
  • Warren Buffett called them “weapons of mass destruction” in 2003
  • Warren Buffett’s sidekick Charles T. Munger, has called the CDS prohibition the best solution, and said “it isn’t as though the economic world didn’t function quite well without it, and it isn’t as though what has happened has been so wonderfully desirable that we should logically want more of it”
  • Former Federal Reserve Chairman Alan Greenspan – after being one of their biggest cheerleaders – now says CDS are dangerous
  • Former SEC chairman Christopher Cox said “The virtually unregulated over-the-counter market in credit-default swaps has played a significant role in the credit crisis”
  • Newsweek called CDS “The Monster that Ate Wall Street”
  • President Obama said in a June 17,2009 speech on his plans for finance industry regulatory reform that credit swaps and other derivatives “have threatened the entire financial system”
  • George Soros says the market is still unsafe, and that credit- default swaps are “toxic” and “a very dangerous derivative” because it’s easier and potentially more profitable for investors to bet against companies using them than through so-called short sales.
  • U.S. Congresswoman Maxine Waters introduced a bill in July that tried to ban credit-default swaps because she said they permitted speculation responsible for bringing the financial system to its knees.
  • Nobel prize-winning economist Myron Scholes – who developed much of the pricing structure used in CDS – said that over-the-counter CDS are so dangerous that they should be “blown up or burned”, and we should start fresh
  • A leading credit default swap expert (Satyajit Das) says that the new credit default swap regulations not only won’t help stabilize the economy, they might actually help to destabilize it.
  • Senator Cantwell says that the new derivatives legislation is weaker than current regulation
So who “invented” the CDS?  Meet the Mistress of Destruction:  Blythe Masters

Blythe Masters is Managing Director and Chief Financial Officer ( look surprised!) of J.P. Morgan Investment Bank. Previously, she was a Managing Director and Head of the firm’s Global Credit Portfolio and Credit Policy and Strategy Groups. In that role, her responsibilities included the proactive management of credit and market risks of the bank’s retained credit positions arising from lending and derivatives activities, as well as developing credit strategy, policies and limits to measure and control credit risk and coordinate the financial and risk reporting of the firm’s credit activities. Masters served as 2003 Chair of the Corporate Credit Markets Division and is Co-Chair of the International Swaps and Derivatives Association’s Credit Derivatives Market Practices Committee. She received a B.A. in economics, with honors, from Trinity College in Cambridge, England.

Masters, who hails from the same clod of soil as Harriet Harman, is apparently an even greater monster, having been the creatrix of Credit Default Swaps. Blythe Masters learned how to sew body parts together at Cambridge University, and got her lab, electricity supply and a hunchbacked personal assistant named Igor from those great humanitarians at JP Morgan. Masters was also once quoted as saying that her fiduciary nonesuch was the equivalent of “a free lunch”, something which of course, unless you are a food critic, simply doesn’t exist.

A trader and a manager of global credit derivatives and structured products business. The head of Global Credit Portfolio and Credit Policy and Strategy. And just prior to that position, the Chief Financial Officer of JP Morgan’s Investment Bank. Her CDS scheme has made JP Morgan not billions, but trillions of dollars. $4 trillion to be precise.

This is the single person responsible for bringing down governments, crashing economies, bringing untold hardships to hundreds of millions of people.  Quite frankly, historically given the amount of devastation she has caused in the world, she should be right up there with Hitler, Stalin, Rasputin, Saddam, and others.  When you look at the cost of the damage in real dollars, the devastation of World War Two pales in comparison.

However, I bring this to light not to rail on Mistress Masters as one might think.  I point it out to illustrate the power of a single individual in our reality.  Although this certainly is indictment as to how destructive one individual’s thought and intellectual creation can be, it also points out the power we all have.  The potential to affect the entire world and civilization as we know it.  WE ARE VERY POWERFUL, all of us.  The question is:  Where is our Blythe Masters in the “white hat” to counter the forces of greed and hubris? It is hard to believe and I won’t accept the fact that not one politician, one world leader, or one financial mogul will step up and end CDS’. Not one in the whole world.  I know you are out there and you want to do the right thing.  DO IT. STEP UP. If nothing else Blythe Masters proves it can be done.  One person can change everything.

More on the Fox’s Activities in the Henhouse

I have written several times in this series of blogs concerning how the PTB are using their armies of financial capabilities to attack and break the backs of sovereign economies, manipulate the markets, and basically create a situation that will force one world government, one currency, and one controlling para-military police force.

I have in, all cases, tried to present just facts, not conjecture or conspiracy theories.  I have stated often that the weapons of choice in this battle on the global economic front have been derivatives instrument, repo instruments and shorts (see posts of 3/17, 3/08, and many earlier posts).  What is happening here is nothing short of criminal.  However, because the PTB control the regulatory agencies as well, nothing is being done at all.  In fact, these financial armies act with impunity.   I have been following this closely, mostly because the market is being artificial propped and gold and silver prices have been obviously and grossly manipulated.  The effects of those manipulations have caused severe loses by honest traders, prevented any possibility of recovery, and been very effective in attacking sovereign wealth funds.

Below, in it’s entirety is an exact roadmap and verification that this is real.

Earlier this week  the CFTC(Commodity Futures Trading Commission) held a sham hearing in which, among other things, the organization discussed position limits in PM speculation, because they stated, “it’s the mom and pop speculators that destroy the precious metal market” (not JP Morgan or the New York Fed mind you).  You must understand that the CTFC role is an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency’s mandate has been renewed and expanded several times since then, most recently by the Commodity Futures Modernization Act of 2000.

In 1974 the majority of futures trading took place in the agricultural sector. The CFTC’s history demonstrates, among other things, how the futures industry has become increasingly varied over time and today encompasses a vast array of highly complex financial futures contracts.

Today, the CFTC is supposed to assure the economic utility of the futures markets by encouraging their competitiveness and efficiency, protecting market participants against fraud, manipulation, and abusive trading practices, and by ensuring the financial integrity of the clearing process. Through effective oversight, the CFTC is supposed to enable the futures markets to serve the important function of providing a means for price discovery and offsetting price risk.

The CFTC’s mission is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.

The hearing  last week could not have come at a more opportune time. GATA has just broken a major story, in which a London metals trader-slash-whistleblower exposes JP Morgan’s silver price suppression/manipulation scheme. At this point none of this should be at all shocking, and the only thing that matters is when CFTC’s ex-Goldmanite Gary Gensler will be fired for allowing hundreds of billions of dollars to be sucked out of the PM market on behalf of such major market manipulating entities as JP Morgan and the New York Federal Reserve, for whom it transacts. Don’t worry – the answer to that rhetorical question is “never”, as it is the administration’s goal to make all the millionaires among the bulge bracket firms billionaires, via legalized theft from honest investors. Furthermore, if indeed the CFTC is complicit in these manipulative events, as GATA suggest, we hope our objective mainstream media readers enjoin GATA in seeking justice for this criminal breach of proper regulatory enforcement.

From GATA:

Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days’ warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC’s Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

It would not be possible to predict such a market move unless the market was manipulated.

In an e-mail on February 5 Maguire wrote: “It is common knowledge here in London among the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC’s allowing by your own definition an illegal concentrated and manipulative position to continue.”

Expiry of the COMEX April call options was yesterday, March 26. There was large open interest in strikes from $1,100 to $1,150 in gold. As it always happens month after month, HSBC and JPM sell short in large quantities to overwhelm all bids and make unsuspecting option holders lose their money. As predicted by GATA, the manipulation started on March 19, when gold was trading at $1,126. Last night it traded at $1,085.

This is how much the gold cartel fears the CFTC’s enforcement division. They thumb their noses at you because in more than a decade of complaints and 18 months of a silver market manipulation investigation nothing has been done to stop them. And this is why JPM’s cocky and arrogant traders in London are able to brag that they manipulate the market.

This is an outrage and we are making available to the press the e-mails from Maguire wherein he warns of a manipulative event.

Additionally Maguire informed us that he has tape recordings of his telephone communications with the CFTC, which we are taking the appropriate legal steps to acquire.

* * *

From: Andrew Maguire
Sent: Tuesday, January 26, 2010 12:51 PM
To: Ramirez, Eliud [CFTC]
Cc: Chilton, Bart [CFTC]
Subject: Silver today

Dear Mr. Ramirez:

I thought you might be interested in looking into the silver trading today. It was a good example of how a single seller, when they hold such a concentrated position in the very small silver market, can instigate a selloff at will.

These events trade to a regular pattern and we see orchestrated selling occur 100% of the time at options expiry, contract rollover, non-farm payrolls (no matter if the news is bullish or bearish), and in a lesser way at the daily silver fix. I have attached a small presentation to illustrate some of these events. I have included gold, as the same traders to a lesser extent hold a controlling position there too.

Please ignore the last few slides as they were part of a training session I was holding for new traders.

I brought to your attention during our meeting how we traders look for the “signals” they (JPMorgan) send just prior to a big move. I saw the first signals early in Asia in thin volume. As traders we profited from this information but that is not the point as I do not like to operate in a rigged market and what is in reality a crime in progress.

As an example, if you look at the trades just before the pit open today you will see around 1,500 contracts sell all at once where the bids were tiny by comparison in the fives and tens. This has the immediate effect of gaining $2,500 per contract on the short positions against the long holders, who lost that in moments and likely were stopped out. Perhaps look for yourselves into who was behind the trades at that time and note that within that 10-minute period 2,800 contracts hit all the bids to overcome them. This is hardly how a normal trader gets the best price when selling a commodity. Note silver instigated a rapid move lower in both precious metals.

This kind of trading can occur only when a market is being controlled by a single trading entity.

I have a lot of captured data illustrating just about every price takedown since JPMorgan took over the Bear Stearns short silver position.

I am sure you are in a better position to look into the exact details.

It is my wish just to bring more information to your attention to assist you in putting a stop to this criminal activity.

Kind regards,
Andrew Maguire

* * *

From: Ramirez, Eliud [CFTC]
To: Andrew Maguire
Sent: Wednesday, January 27, 2010 4:04 PM
Subject: RE: Silver today

Mr. Maguire,

Thank you for this communication, and for taking the time to furnish the slides.

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Cc: BChilton [CFTC]
Sent: Wednesday, February 03, 2010 3:18 PM
Subject: Re: Silver today

Dear Mr. Ramirez,

Thanks for your response.

Thought it may be helpful to your investigation if I gave you the heads up for a manipulative event signaled for Friday, 5th Feb. The non-farm payrolls number will be announced at 8.30 ET. There will be one of two scenarios occurring, and both will result in silver (and gold) being taken down with a wave of short selling designed to take out obvious support levels and trip stops below. While I will no doubt be able to profit from this upcoming trade, it is an example of just how easy it is to manipulate a market if a concentrated position is allowed by a very small group of traders.

I sent you a slide of a couple of past examples of just how this will play out.

Scenario 1. The news is bad (employment is worse). This will have a bullish effect on gold and silver as the U.S. dollar weakens and the precious metals draw bids, spiking them higher. This will be sold into within a very short time (1-5 mins) with thousands of new short contracts being added, overcoming any new bids and spiking the precious metals down hard, targeting key technical support levels.

Scenario 2. The news is good (employment is better than expected). This will result in a massive short position being instigated almost immediately with no move up. This will not initially be liquidation of long positions but will result in stops being triggered, again targeting key support levels.

Both scenarios will spell an attempt by the two main short holders to illegally drive the market down and reap very large profits. Locals such as myself will be “invited” on board, which will further add downward pressure.

The question I would expect you might ask is: Who is behind the sudden selling and is it the entity/entities holding a concentrated position? How is it possible for me to know what will occur days before it will happen?

Only if a market is manipulated could this possibly occur.

I would ask you watch the “market depth” live as this event occurs and tag who instigates the move. This would surly help you to pose questions to the parties involved.

This kind of “not-for-profit selling” will end badly and risks the integrity of the COMEX and OTC markets.

I am aware that physical buyers in large size are awaiting this event to scoop up as much “discounted” gold and silver as possible. These are sophisticated entities, mainly foreign, who know how to play the short sellers and turn this paper gold into real delivered physical.

Given that the OTC market (where a lot of the selling occurs) runs on a fractional reserve basis and is not backed up by 1-1 physical gold, this leveraged short selling, where ownership of each ounce of gold has multi claims, poses a very large risk.

I leave this with you, but if you need anything from me that might help you in your investigation I would be pleased to help.

Kind regards,
Andrew T. Maguire

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Sent: Friday, February 05, 2010 2:11 PM
Subject: Fw: Silver today

If you get this in a timely manner, with silver at 15.330 post data, I would suggest you look at who is adding short contracts in the silver contract while gold still rises after NFP data. It is undoubtedly the concentrated short who has “walked silver down” since Wednesday, putting large blocks in the way of bids. This is clear manipulation as the long holders who have been liquidated are matched by new short selling as open interest is rising during the decline.

There should be no reason for this to be occurring other than controlling silver’s rise. There is an intent to drive silver through the 15 level stops before buying them back after flushing out the long holders.

Regards,
Andrew

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Cc: BChilton [CFTC]; GGensler [CFTC]
Sent: Friday, February 05, 2010 3:37 PM
Subject: Fw: Silver today

A final e-mail to confirm that the silver manipulation was a great success and played out EXACTLY to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview? I have honored my commitment not to publicize our discussions.

I hope you took note of how and who added the short sales (I certainly have a copy) and I am certain you will find it is the same concentrated shorts who have been in full control since JPM took over the Bear Stearns position.

It is common knowledge here in London among the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC’s allowing by your own definition an illegal concentrated and manipulative position to continue.

Bart, you made reference to it at the energy meeting. Even if the level is in dispute, what is not disputed is that it exists. Surely some discussions should have taken place between the parties by now. Obviously they feel they can act with impunity.

If I can compile the data, then the CFTC should be able to too.

I would think this is an embarrassment to you as regulators.

Hoping to get your acknowledgement.

Kind regards,
Andrew T. Maguire

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Sent: Friday, February 05, 2010 7:47 PM
Subject: Fw: Silver today

Just logging off here in London. Final note.

Now that gold is undergoing short covering, please look at market depth right now in silver and evidence the large selling blocks in a thin market being put in the way of silver regaining the technical 15 level, which would cause a short covering rally and new longs being instigated. This is resulting in the gold-silver ratio being stretched to ridiculous levels.

I hope this day has given you an example of how silver is “managed” and gives you something more to work with.

If this was long manipulation in, say, the energy market, the shoe would be on the other foot, I suspect.

Have a good weekend.

Andrew

* * *

From: Andrew Maguire
Sent: Tuesday, February 09, 2010 8:24 AM
To: Ramirez, Eliud [CFTC]
Cc: Gensler, Gary; Chilton, Bart [CFTC]
Subject: Fw: Silver today

Dear Mr. Ramirez,

I hadn’t received any acknowledgement from you regarding the series of e-mails sent by me last week warning you of the planned market manipulation that would occur in silver and gold a full two days prior to the non-farm payrolls data release.

My objective was to give you something in advance to watch, log, and follow up in your market manipulation investigation.

You will note that the huge footprints left by the two concentrated large shorts were obvious and easily identifiable. You have the data.

The signals I identified ahead of the intended short selling event were clear.

The “live” action I sent you 41 minutes after the trigger event predicting the next imminent move also played out within minutes and exactly as I outlined.

Surely you must at least be somewhat mystified that a market move could be forecast with such accuracy if it was free trading.

All you have to do is identify the large seller and if it is the concentrated short shown in the bank participation report, bring them to task for market manipulation.

I have honored my commitment to assist you and keep any information we discuss private,however if you are going to ignore my information I will deem that commitment to have expired.

All I ask is that you acknowledge receipt of my information. The rest I leave in your good hands.

Respectfully yours,

Andrew T. Maguire

* * *

From: Ramirez, Eliud
To: Andrew Maguire
Sent: Tuesday, February 09, 2010 1:29 PM
Subject: RE: Silver today

Good afternoon, Mr. Maguire,

I have received and reviewed your email communications. Thank you so very much for your observations.

The conclusion of this testimony and evidence by Bill Murphy was he was thanked and the CTFC moved to the next agenda item without comment.  Further the entire segment was blanked from the publicly aired hearings!  You can see it here though: http://www.youtube.com/watch?v=e9bU0r6JP4s&feature=player_embedded

If we as the general public come to realize that although this seems to just involve traders and investors, it in fact involves us all and we let our CONgress know we know and we demand that criminal investigations and indictments should begin immediately,  then we may still have chance to stop this obvious affront to our basic freedoms.  It is making this link that is important for us all to understand.  The people of Argentina understand.  The people of Ireland understand.  The people of Iceland understand.  The people of Greece understand.  However, sadly, they understand AFTER the fact.  We still have the opportunity to understand before the final assault on our economy is complete.  Will we is the question, will we?

History Really Does Have Rhythm..D1 and D2 Dancing Together

It has often been remarked that events in history repeat themselves even across thousands of years.  Wars, famines, dictators, and economic cycles, especially economic cycles, all seem to have identical patterns in the manner they unfold.  It is certainly true when you compare D1 to our current depression D2.  I have written several articles concerning this and this is just one more in that series to journal the unfolding of events.  I have spoken often about my concern that the “second shoe” has not really dropped.  That “shoe” is the collapse of the commercial real estate market.  I worry because of a number of reasons.  First the size of the “nut” is much larger than home mortgages, but more importantly it is the downward spiral effect that occurs when the commercial real estate market deflates.

When someone loses their home because they lost their job, one family is impacted.  However, when a commercial site goes down, many families lose their income and homes, contractors and vendors suffer, and that affects the entire economy in a much more profound manner.  During D1, after the market crashed, many people lost their jobs and homes, and that’s when a mortgage was only $2,000.  Then the happy talk started, just like now that things were “showing signs of recovery”.  By 1933, everyone was talking that D1 was about over.  Then the commercial portfolios carried by the banks began to default in record numbers.  There really was no way that banks could cover those loses.  By that time people had little or no faith in the banking institutions of the time and they began to “run” the banks to get their money out.  President Roosevelt declared a “banking holiday” and well the rest is history.

The parallels to the events unfolding right before our eyes is very much in rhythm with those events.  When you read that foreclosure filings fell 10% in January from December, don’t get too excited. According to Realty Trac, foreclosures are 15% higher than they were a year ago and there’s likely to be an increase in foreclosure activity in the next few months, as the government’s crappy mortgage modification program continues to fail. So are things getting better?

Now look at the commercial portfolios. James J. Saccacio, CEO of RealtyTrac noted that “if history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives works.” In other words, another storm is a-brewing in the market. The continued reluctance of banks to tackle the foreclosure problem is astounding. There’s near-universal agreement that principal reduction is the key, but we are left with lame programs, like this one announced yesterday by CitiMortgage. The so-called “strategic non-foreclosure” continues the “extend and pretend” policy that bank lenders have pursued over the past year. From the banks’ point of view, the longer they keep you on the hook, the better it is for them. Avoiding the mess of foreclosure allows them to keep the fictitious valuations on their books and in this new Citi program, ensures that some of the costs of carrying the dud loan get transferred to the borrower, who in all likelihood, will end up defaulting. Some experts believe that a new round of foreclosures could trigger a double-dip in housing prices.

A new report from the Congressional Oversight Panel (that’s Elizabeth Warren & Co, the TARP watchdogs) about the looming storm in the commercial real estate market. The report predicts a wave of losses, totaling $200-$300 billion, from commercial real estate loans could “trigger economic damage that could touch the lives of nearly every American.”

A snapshot of Dallas Fort Worth gives you an example how the commercial crash of D2 has started. Commercial property foreclosure filings in the Dallas-Fort Worth area top $1 billion (that’s one area for one month!) for the upcoming April sales. That’s much higher than commercial foreclosure posting totals in recent months. “It’s certainly the highest we’ve seen in this cycle,” George Roddy of Foreclosure Listing Service said Monday. The Addison-based foreclosure-tracking firm counts 333 D-FW commercial properties scheduled for auction by lenders next month.

During the last few months, the auction totals have averaged about 250. Among the properties set for sale next month are the Element Hotel in Irving, with $13.1 million in debt, and the Firewheel Distribution Center in Garland, with $13.1 million in debt, according to Foreclosure Listing Service. Part of Allen’s Star Creek development on State Highway 121, with about $15 million in debt, also made the April foreclosure list. The biggest current foreclosure posting is still the Four Seasons Resort and Club at Las Colinas, with $183 million.

Although the 400-acre resort has been facing auction for several months, owner BentleyForbes and its lenders have reached a “standstill agreement” while debt negotiations continue. BentleyForbes officials said earlier this month that they “expect that a resolution will be reached in the near future.” But it’s not unusual for a mortgage holder to continue posting a property for foreclosure while talks go on. Not all properties listed for foreclosure each month are actually sold by the lender. Many times, the borrower reaches a new mortgage agreement or delays the forced sale.

As I see it, the PTB cannot “prop” this up much longer.  They have been able to keep the stock market in a false positive because they own the central bank printing the money.  In fact, they privately hold 165 central banks globally.  However, at the rate things are still spiraling downward, they can’t print money fast enough.  They were trying to create hyperinflation, they have failed.  We are still very much in a deflationary curve and no one wins in that mode, not even the PTB.  They have been focusing on bringing sovereign economies down and they failed to factor what is really happening.  Are they really that stupid? No.  Simply, they didn’t do well in history class.

It’s a Sad Day in Blackrock

The assault on sovereign treasuries continues. It is painful to watch.  As the Chinese story of torture goes, it is a death by 1,000 cuts. The benchmark of world economies, The United States of America, being brought down by debt and bankers.  It is not only the US, but all of the G7 countries except currently Canada. This report appeared in Bloomberg today just continues to confirm my worst fears; the banksters are winning and are right on schedule.

March 22 (Bloomberg) — The bond market is saying that it’s safer to lend to Warren Buffett than the United States of America. Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. Debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an “exceedingly rare” event in the history of the bond market.

The $2.59 trillion of Treasury Department sales since the start of 2009 have created a glut as the budget deficit swelled to a post-World War II-record 10 percent of the economy and raised concerns whether the U.S. deserves its AAA credit rating. The increased borrowing may also undermine the first-quarter rally in Treasuries as the economy improves.

“It’s a slap upside the head of the government,” said Mitchell Stapley, the chief fixed-income officer in Grand Rapids, Michigan, at Fifth Third Asset Management, which oversees $22 billion. “It could be the moment where hopefully you realize that risk is beginning to creep into your credit profile and the costs associated with that can be pretty scary.”

While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K. America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week.

All G7 countries, except Canada and Germany, will have debt-to-GDP ratios close to or exceeding 100 percent by 2014, Lipsky said in a speech yesterday at the China Development Forum in Beijing. Already this year, the average ratio in advanced economies is expected to reach the levels seen in 1950, after World War II, he said.

As of today, the US debt-to-GDP ratio is over 88%.  I have written recently on several occasions concerning this worry.  At our current rate we will exceed a 100% ratio by the end of 2010, maybe even earlier than the end of the fiscal year.

“It’s a manifestation of this avalanche, this growth in U.S. Treasury supply which is under way and continues for the foreseeable future, and the comparative scarcity of high-quality credit, particularly in shorter-maturity debt”, said Malvey, whose Lehman team was ranked No. 1 in fixed-income strategy by Institutional Investor magazine from 1998 through 2007.

Last year’s $2.1 trillion in borrowing by the government exceeded the $1.08 trillion issued by investment-grade companies, the biggest gap ever, Bloomberg data show. Malvey said the last time he can recall that a corporate bond yield traded below Treasuries was when he was head of company debt research at Kidder Peabody & Co. in the mid-1980s.

While Treasuries are poised to make money for investors this quarter, they are losing momentum. The securities are down 0.43 percent in March after gaining 0.4 percent last month and 1.58 percent in January, Bank of America Merrill Lynch indexes show.

Deutsche Bank and Barclays Plc, two of the 18 primary dealers of U.S. government securities that are obligated to bid at the Treasury’s auctions, say balance sheets of high-rated companies make them more attractive than Treasuries.

Corporate borrowers are reducing debt at a record pace. Companies in the S&P 500 cut their liabilities by $282 billion to $7.1 trillion in the fourth quarter from the prior three months, Bloomberg data show. That represents 28 percent of assets, the least in at least a decade.

Investors are accepting smaller premiums to lend to companies, with yields on bonds rated at least AA falling to within 107 basis points of Treasuries on average, Bank of America Merrill Lynch indexes show. That’s down from the peak of 515 basis points in November 2008, and approaching the record low of 36 in 1997.

The last time there was talk of the U.S. losing its status as the world’s benchmark for bonds was in the late 1990s, when the government began amassing budget surpluses in 1998 for the first time in almost three decades. The amount of Treasuries outstanding dropped 8 percent to $3.4 trillion in 2000, the biggest annual decline since 1946.

Treasury supply resumed growing in 2001 after two rounds of tax cuts proposed by President George W. Bush led to deficits. Outstanding Treasury supply rose 53 percent to $4.5 trillion in 2007 from 2000 as the U.S. borrowed to finance tax cuts intended to revive a slumping economy. The amount has since risen 64 percent to $7.4 trillion. More is on the way. The U.S. will sell a record $2.43 trillion of debt in 2010, according to the average forecast of 10 of the 18 primary dealers in a Bloomberg survey. At the same time Treasury sales are rising, the cash position of the largest corporations is swelling. Companies in the S&P 500 held a record $2.3 trillion as of the fourth quarter, Bloomberg data show.

I want you to pay particular attention who is presenting this information to the public.  It is the same army of “experts” that I pointed out in my most recent previous article that is waging the war to bring governments to their knees in preparation for the argument of one world government, one central bank, and one world currency.  It is a lot closer than even most experts imagine.  For example, if you would have suggested in even 2007 that corporate bonds would bring lower return rates that Treasury bonds you would have been laughed out of town.  No one is laughing now except the bankers.

It is also interesting to note that corporations are LOWERING their debt to the lowest level since at least 2000 and I suspect a lot earlier than that date.  We will see at the end of the fiscal year just how significant that number becomes.

Now pay close attention, the billionaires in the US rose significantly during the last year in this economic crisis and the AVERAGE billionaire appreciated $500 million in asset growth in 2009 alone! And you wonder where your money went! Not only is your money and potential for earning and appreciating more income being taken from you, they are slapping us as citizens so far into debt we will never see the light, nor will our children, or our grandchildren, or their children.  Never mind, go back to sleep.

Here is Uncle Willie’s Thought for the day:

Time to Stop Pussy Footing…We Must All Decide

I have been writing this blog for nearly one year now. 76 articles have been published by me.  We have discussed a number of issues.  In each article I try to present just facts, not conjectures, anecdotes, or conspiracy theories.  The article concerning the underground cities seems to have been the only article that really struck a chord with some folks because it has been viewed over 400 times!  I have come to realize that while I have tried to report on the issues that I think we all need to be aware of and how MSM has avoided or under-reported these issues, I have never in one article stated exactly what I think and know is going on.  I have never put the whole picture in front of you to consider.

The other day, one of the warriors out there trying to get the “truth” out stimulated me to do this article.  For over ten years, Adrian Salbuchi from Argentina has been trying to get the world to listen and pay attention.  He is a patriot of mankind if there ever was such a champion.  He works tirelessly to expose the PTB and their agenda.  While many of us take a piece of the puzzle and talk about it, he has kept it all in focus.  I have for over 30 years been on this quest to “know” the truth.  It isn’t easy because the real truth is embedded in a ball of twine, but like a ball of twine, it is in the end one piece of string.  You just have to have the patience to unwind it. In fact, our whole existence, history, and future is a single string of events wrapped up like a ball of twine.  So here goes.

For at least 1,ooo years, maybe more, there has been knowledge about the events that are about to unfold within the next few years.  These events will transform life on this planet as we know it.  When this knowledge was fully realized by the educated elite of the time, it was decided that this knowledge should never be released and in fact, those that uncovered this knowledge would and could use it to “control” the whole of mankind.  In fact they could always be in control and power.  While it can be argued that the knowledge existed long before this time it truly was not acted on in an organized fashion until it came into the possession of the Roman Catholic Church as a result of discoveries made during the Crusades and at the time, the Roman Catholic Church was essentially at the head of all major powers in Europe.  Therefore a decision was made in the Vatican to withhold this information from the general public as this knowledge could undermine the entire authority of the church.  The only organized power structure outside of the church with this knowledge were the Knights Templar who had “discovered” the knowledge and faithfully brought it to Rome.  They were systematically terminated to insure the sole possessors and controllers of the knowledge would be the Vatican.

Over the years, through many kings and queens of various European countries and eventually to the new world, everything was done with the design to maintain this secrecy.  It became necessary to control commerce, politics, economies and finance.  Therefore control mechanisms were required outside of the Vatican to ensure the integrity of the secret.  The Illuminati, the higher orders of Masonry, bankers, and eventually to the modern times, the Bildebergers  MJ12 and Council on Foreign Relations were designed and controlled to execute the plans. This is basically the structure of the “shadow government”.

What are the plans?  Well in a nutshell, the geophysical events that will take place over the next 4-6 years will reduce the world population to around 2 billion or less and all institutions, systems of government and economy will be destroyed.  This is not conjecture unfortunately it is fact.  The PTB are moving to establish complete control PRIOR to these events so that they will emerge from the events still in full and complete control.  This now requires them to establish a single world government prior to the event horizon and that is exactly what is going on at this very moment.  This isn’t about globalization of economies anymore, this is about one world government.  All the events of the 20th century were lead ups to this time.  First was the consolidation to two world superpowers, then the elimination of one of them.  The Soviet Union fell without a shot fired.

Now however, the remaining superpower must go!  They cannot risk a real patriot emerging and exposing the one world government plan.  All of the events in the last 20 years are leading to the event when the US collapses thereby requiring the establishment of one world government.  Adrian points out very accurately the twelve steps to this goal.

Global Financial Collapse – This actually is being accomplished right before our eyes. the weapons in this war are things like derivatives and repos. It actually started in 2001, when the weapons were used for the first time against a sovereign economy and Argentina was brought to its knees.  The next targets were Iceland and Ireland and now the targets are Greece, Spain, Italy, Portugal to bring the EU down.  Then the US is next.  The army deployed by the PTB are CitiBank, Goldman Sachs, Barclays, Deutsche Bank, Bank of America, and various large hedge funds.  If you really look at this in this manner, the facts are truly undeniable. This isn’t going to happen, it is happening right now and right on schedule.  This is creating a  deepening economic crisis that will not enable any one government or individual to challenge the PTB.

This has already begun to create a growing social upheaval which will lead to a “reason” to have “domestic” armies controlling the populations in each country.  The evidence of this is already unfolding in China, Chile, Haiti, Greece, and to a lesser extend in every country.  One only has to look at how “police” forces are equipped today to realize this transition is well underway.  In the US, the formation of Northern Command and the FEMA camps are very real and they exist.  For what?

In order for the PTB to control the psyche of the world population, the majority of us globally must believe all of this is necessary for our well-being and safety so a number of events have and will be staged to keeps us compliant and accepting of this transition to world government with a single police force.  The war on “terror”, 9/11, Iraq, Afghanistan, and now Iran are ALL planned and staged events to get us mentally prepared to accept this total control.  At first when people began to see these events for what they are they were labeled conspiracy theorists, but most recently because of the internet and good science these charges are becoming more credible.  The evidence of thermite and nano-thermite at ground zero and the fact the fires burned there until December 20th is just now emerging into the mainstream of conciousness.  If in fact, our own government, or more precisely a shadow government was involved in these events, what do you think the public reaction as related to the faith in government will be?  Exactly, the elimination of the last superpower and that void is to be filled by a single world government.

The last two elements in the manipulation of our psyche is in the context of religion and security.  I believe, as Adrian does, that we are going to see more “mega terrorists” attacks, war in the middle east, an assassination of a key world figure on the level of scale to a John Kennedy and further beating up of “rogue states” such as Iran, North Korea, Venezuela, and Somalia.  This will lead to a “nuclear accident” which will then require a single world entity to take control of all nuclear facilities and weapons.  With this move there is no need to go house to house and collect handguns and shot guns.

Finally, the religious issue I believe is going to be handled by staging “virtual” and profound events.  Virtual events are like Building 7 going down on 9/11 even though it was not hit nor did any fires start in that building.  Here is where prophecy meets reality, but unfortunately the “reality” will be a staged event. So look for the return of Jesus Christ in your neighborhood soon. Just for good measure we will also see “alien contact”.  Again staged.  Do aliens exist?  Yes, however, there is no such term as alien.  Hundreds of thousands of civilizations exist in this galaxy and every other galaxy.  Many civilizations have been present on this planet since the beginning, but there are strict rules concerning the evolution of new civilizations and non-interference is truly a prime directive.  However, since at least 1935, these civilizations have been requesting that the PTB and leaders of the world prepare us for this transition that is about to occur and not ONE leader has had the moral fiber or courage to do so. Not one.

The good news is that in the end the PTB will fail in their plan.  Ironically, they already know this, but have elected to continue with the plan anyway.  OK so I have laid it out.  You can certify me totally crazy now or you can be a true patriot and prove me wrong by becoming more informed than me.  If I am right however, everything I just said will to continue to unfold. If it does I wonder when you wake up or will you choose to just lie there with your eyes closed hoping the big bad man goes away?  I wonder?